Kunal Kamra had flagged the delayed servicing of scooters at Ola’s service centres.
The shares of Ola Electric Mobility plunged steeply over 8% this morning, down 43% from its post-listing peak, as complaints about its flagship electrical two-wheelers saved flooding social media. This is the third straight session the EV maker declined.
The newest Ola inventory crash comes after a public spat between founder Bhavish Aggarwal and comic Kunal Kamra after the latter flagged the state of affairs of its service centres.
Mr Kamra had referred to as out Mr Aggarwal for not responding to the state of affairs whereas the irked Ola founder began slamming the comic over “failed comedy profession” and “flop exhibits”.
Mr Aggarwal stated it was a “paid tweet” by Mr Kamra, and he ought to both assist them or “sit quiet”.
The spat took an unsightly flip with him inviting Mr Kamra to an Ola service station for work and providing him higher pay than his exhibits whereas Mr Kamra saved urgent for him for 100% refund to aggrieved Ola prospects.
The argument divided the social media with many discovering it fallacious to go after the wealth creators. Another part, nonetheless, discovered it distasteful for an organization govt to have interaction in such spats whereas his agency was preventing a disaster.
A social media person referred to as it “peak conceitedness” of Mr Aggarwal for trolling a comic whereas his firm was going through the shoppers’ wrath over delayed servicing.
“Ola EV Customers in Karnataka setting Ola Showroom on fireplace for not servicing their automobile since month in the meantime their CEO Bhavish Aggarwal is busy trolling Kunal Kamra for bringing info in public, Peak Arrogance,” the person stated.
Ola Electric debuted within the share market two months in the past. Government information suggests the corporate recorded its lowest month-to-month gross sales in September this yr as servicing community challenges threaten its market dominance.
The firm offered 23,965 autos in September – recording a month-on-month decline in gross sales amid complaints over the malfunctioning {hardware} and glitching software program in a few of its EV scooters.